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The Inheritance Tax main residence additional nil-rate band - June 1, 2017
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A new additional nil-rate band of £100,000 for Inheritance Tax (IHT) on main residences, when bequeathed to a direct descendent, came into effect at the start of the new tax year in April 2017. In…Read more

Software that makes you WannaCry – The importance of cyber security - June 1, 2017
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Last month more than 200,000 computers in 150 countries were infected during the WannaCry ransomware attack, including the systems of a number of NHS trusts. This cyber-attack caused mass hysteria and crippled a number of…Read more

The Big Squeeze – Pay and consumer spending to slow down - June 1, 2017
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With inflation hovering around 2.7 per cent, many businesses are facing a period of higher costs and reduced consumer spending – a trend which could see average pay rises this year hit just one per…Read more

Receipts rise as Corporation Tax rates fall - June 1, 2017
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Corporation Tax receipts reached a record high in the 2016-17 financial year, with a total of £56 billion collected, a 21 per cent year-on-year increase. These record figures come despite the main rate of Corporation…Read more

Britain faces ‘a business support black hole’ post-Brexit, according to the FSB - June 1, 2017
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A new study from the Federation of Small Businesses (FSB) has indicated that the UK’s army of small firms will face a funding shortfall of around £3.6 billion by 2021 as a result of the…Read more

Can you benefit from capital allowances on your business premises? - June 1, 2017
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If you own your own business premises, you may be entitled to claim capital allowances on some of the costs associated with the ‘intrinsic fabrication’ of the building. The ‘intrinsic fabrication’ of a building includes…Read more

Could you benefit from Tax-Free Childcare? - May 2, 2017
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Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in. Tax-Free Childcare will be open to working families – defined as couples or individuals…Read more

HMRC goes “nuclear” in pursuit of unpaid taxes - May 2, 2017
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HM Revenue & Customs (HMRC) issued a record number of court orders to seize company assets in 2016, indicating that the tax office is happy to go after all businesses suspected of tax evasion. The…Read more

Small tax allowances as of 6 April 2017 - May 2, 2017
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The new tax year which began last month and brought with it a series of useful tax-free allowances that you may not currently be aware of, including the Government’s new trading and property allowances. Under…Read more

HMRC issuing hefty fines to eBay and Amazon traders who fail to pay tax - May 2, 2017
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Small-scale internet traders, including individuals and businesses who sell goods on websites such as eBay and Amazon, are being hit with ‘tougher penalties’ than larger businesses if they do not declare their income and pay…Read more